Notes to SEFA
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of Meridian Public Schools (the District) under programs of the federal government for the year ended June 30, 2025. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the District, it is not intended to and does not present its financial position or changes in net position of the District. Management has utilized the Nexsys cash management system and the Grant Auditor Report in preparing the Schedule of Expenditures of Federal Awards.
Federal expenditures are reported as revenues in the following funds in the financial statements of the District: Fund Amount General Fund 397,667 Food Service Fund 891,091 Total 1,288,758 Less: Federal revenues not subject to single audit (137,166) Federal revenues subject to single audit act 1,151,592